i think today can go for long for aug contract ..

y do you think so?
bcos yesterday dow jones go up?

becos malaysia have lots of positive news , also going to election, also celebrate merdeka soon ... ( and malaysia boleh ... )

I already long 2 contract on last friday ... total make me have 5 contact on hand .. the average buying @ 1340 ... now dow is doing fine .. hopefully tomorrow up agian ...I will sell 2@ 1375 and rest @ 1380 for aughust fkli ..

Hope your futures are doing well, because you good means I am good also. Lets hope KLCI rise tomorrow.

dj ... negative news again... wtf ... currently down 18 points..

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Added on August 1, 2007, 4:18 amgone loh!!!! DJ - 145 ++

This post has been edited by darenohh: Aug 1 2007, 04:18 AM

for long term i think the market is still up
but this time correction maybe will be deep... that's y i dun wan to long yet
somemore yesterday the chart bounce back to the resistance level... so... so dun dare to long also

cannot just look at news 1 lar... those hedge funds control market 1 lol... just follow the market...

good luck ya

p.s wah seh... u always post at 3am de wor...

OMG, yesterday up 20 pts today down 20 pts. Very voilatile!!

I wonder anyone here plays CPO futures ?

lol
damn yesterday gone up so much made me dun dare to short
now too late lor~
but now conform it will go down more le... but boh hua la short now
#@$%#@^

FKLI down 57 pts!!!!

Means how much to lose from the opening today? 1 point = rm50?

Yes, 1 point = RM50

so one contract mean gain/loss = 2,850

It is hard to play in this market now, it is not up to the KLSE alone, the world market is influenced by the US market. With subprime issues keep on popping up and surfacing, you don't know when it will stop. Today the an Australian Macquire issue warning about fund loss and the near collapse of The American Home added salt in the wound.

Europe is expecting to open with significant loss after yesterday sharp rise and for time being, DJ futures is expected to trade down more than 100 points loss.

lol...
trust the chart
damn gap up gap down made me scare to short lol

no make money shorting, then wait chance to long lor lol

Now the most important is you have enough 'bullet'

That's why I keep on mentioning on previos posts, always keep enough cash to prepare for the worst.

money management

damn.. i cut and stop the blood .. now no more contract on hand .... loss 15k....

lol
it's better to stop loss than to letting loss run
proper money management is the key

cherroy is correct, save your bullets, dont let it run out. Wait to the right timing to enter.

yup .. I cut and save the bullet .. with lots of negative news .. i think dj will down again to night ... hope i am wrong .. else this might begin of the crisis ... this year is 07 ...

i dun think crisis will come so soon, those hedge funds wont just play so little 1
1st rule in trading is to survive, once u lose ur capital then is game over liau profit later